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Provider: Reuters Investment Profile

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Alstom SA Proposes FY 2013 Dividend; Issues FY 2013 And Further Sales and Operating Margin Guidance

Tuesday, 7 May 2013 01:07am EDT 

Alstom SA announced that its Board of Directors has decided to propose a fiscal year 2013 dividend of EUR 0.84 per share at the next Annual General Meeting to be held on July 2, 2013. This is higher than the last dividend payment for fiscal year 2012 of EUR 0.8 per share. If approved, the dividend will be distributed on July 9, 2013. The Company also announced that it expects its sales to grow at a low single digit on an organic basis and its operating margin to stay stable in fiscal year 2013/2014 and then gradually increase to around 8% over the next two to three years. The Company's free cash flow should be positive year after year over this period. 

Company Quote

-1.205 -4.35%
10:00am EST